| Title: | Emirates Telecommunications Corp. |
| Price: | $400.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | Full Report |
| Abstract: | Strong market position as former incumbent fixed telephony operator with good broadband growth potential Market leader in mobile telephony in two-player market Implicit support from the government of the United Arab Emirates Very high operating profitability margins and strong cash flows Good financial flexibility High percentage of cash flows paid out as dividends and royalties Regulatory risk likely to increase in the medium term Stagnant revenues in traditional fixed-line services Uncertain credit impact of potential merger and acquisition activity abroad Likely increase in leverage to expand overseas The ratings on Emirates Telecommunications Corp. (Etisalat), the former incumbent fixed-line and leading mobile telecommunications operator in the United Arab Emirates (UAE) are supported by the company's leading market position in both fixed |
| Brief Excerpt: | RESEARCH Ratings Definitions Emirates Telecommunications Corp. Publication date: ##-Aug-#### Primary Credit Analyst: Michael O'Brien, London (##) ##-####-####; michael_obrien@standardandpoors.com Secondary Credit Analyst: Leandro... |
| Word Count: | 6535 |
| Ticker: | DU@UH |
| Issuer: | Emirates Telecommunications Corp. |
| Sector: | Global Issuers, Corporations, Telecommunications & Cable |
| Country: | United Arab Emirates |
| Region: | Europe, Middle East, Africa |
| Format: | 
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